Limit on close order

Limit on close order

An order to buy or sell stock at the closing price only if the price is at a predetermined level or better.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Limit on Close Order

An order to a broker to buy or sell a security at the end of the trading day at the best available price, provided it is equal to or better than some set price. See also: at-the-close order, limit order.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved